The post Top Trending Altcoins — December 16: HYPE, ONDO, VIRTUAL appeared on BitcoinEthereumNews.com.

Over the weekend, Bitcoin’s (BTC) new all-time high reignited optimism for a broader market rally, though most altcoins did not follow suit. However, today’s top-trending altcoins have seen notable price increases in the past 24 hours. According to CoinGecko, Hyperliquid (HYPE), Ondo (ONDO), and Virtuals Protocol (VIRTUAL). This analysis reveals the factors behind the hike and what the crypto market should expect from these altcoins in the short term. Hyperliquid (HYPE) HYPE’s position among the notable trending altcoins might come as no surprise. Since the token’s launch, it has appeared on this list on several occasions. Today, it is trending again because it continues to beat bearish expectations by rising in value. Over the last 24 hours, HYPE’s price has increased by 13.70%. This hike has brought its total performance since its introduction into the market to 735%. As a result of this performance, Hyperliquid’s market cap is close to hitting the $10 billion mark With respect to this development, some crypto analysts have predicted that the altcoin’s price and market cap might rise. One of those with such sentiment is Ansem. On Sunday, December 15, the analyst posted on X, saying that the crypto could be a top-five coin by market cap next year.  “Top 5 coin by 2025 — Hyperliquid (actually very good article tho if you haven’t researched why everyone is talking about HYPE this explains why very clearly & succinctly),” Ansem opined. Hyperliquid Price Chart. Source: CoinGecko Despite HYPE’s performance and the analyst’s prediction, it is important to note that the price can undergo a correction.  As seen above, the price trades at $26.60. If selling pressure increases, it could drop below $20. On the other hand, if it continues to rise, it might near the $50 mark in the mid to long term. Ondo (ONDO)…

---

Filed under: News - @ December 16, 2024 5:24 pm